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8/24/2011 8:24AM

Euroview: Bernanke Jackson Hole Repeat Unlikely

Fed Chairman Ben Bernanke is unlikely to do a repeat performance of last year's Jackson Hole speech. QE3 is still unlikely because deflation is no longer the concern it once was and Fed members are against obviously rescuing the equity market.

This transcript has been automatically generated and may not be 100% accurate.

... everyone was looking nervously projects the whole ... resort in Wyoming where the Federal Reserve holds its annual gem green in August ... last year Fed Chairman Ben protect the speech offered up ... that appeared in ... the central bank was worried about inflation ... and that it would seek further quantitative easing ... the result was a frenetic thirty percent rally in equity prices over the coming months ... and an even bigger boom in commodities ... will there be a repeat performance this year ... the gold market thing so ... the precious metals comparable ... heck we seem to compound for up to recent selling ... and the bond market is well supported ... what can expect more Fed Boeing Treasurys ... it is unrealistic ... the fund was deeply split over its latest lower for longer message an important minority of the border worried ... that the central bank to spend too much effort responding to falls in equity prices ... and inflation is no longer the risk that it was this point last year ... indeed U S core inflation has been rising ... which suggests that while her Nanking might offer some soothing words about how the Fed's ... monetary arsenal still has plenty of ammunition ...